Fortune Brands Agrees to Sell Fiberon for $160 Million in Cash
Photo: TokenPost
Fortune Brands Innovations agreed Oct. 15 to sell Fiberon, its composite decking business, to a subsidiary of Inteplast Group Corporation for $160 million in cash, less than the expected impairment charge. Fortune Brands expects an additional noncash impairment charge of $175 million to $205 million tied to the agreement. It had recorded $228.7 million in impairment charges for the Fiberon asset group as of June 27, 2026. The new estimate is separate from those previously recorded charges. Fortune Brands expects to complete the sale within 60 days, pending regulatory approval.
Source: TokenPost
